Davis Asset Management, L.P. Long-Term Concentrated

Location: Sausalito, CA

CIK: 0001945894 · Show all filings

Period: Q2 2024 (← Previous) (Next →)

Filing Date: Aug 13, 2024

Total Value: $2.226B (100.0% shares, 0.0% debt)

Holdings (34)

META Meta Platforms 11.3%

Value $252M Shares 500,000 Est. Cost $160.96 Unrealized +200.3%

GOOG Alphabet Inc 8.2%

Value $183M Shares 1,000,000 Est. Cost $110.83 Unrealized +52.4%

WAL Western Alliance Bancorp 7.1%

Value $157M Shares 2,500,000 Est. Cost $69.27 Unrealized -15.7%

GPN Global Payments Inc. 5.6%

Value $126M Shares 1,300,000 Est. Cost $117.53 Unrealized -8.0%

CB Chubb Limited 5.2%

Value $115M Shares 450,000 Est. Cost $181.71 Unrealized +39.1%

STT State Street Corp 4.0%

Value $88.8M Shares 1,200,000 Est. Cost $60.70 Unrealized +16.2%

CRBG Corebridge Financial 3.9%

Value $87.36M Shares 3,000,000 Est. Cost $20.20 Unrealized +35.2%

WBS Webster Financial Corp 3.9%

Value $87.18M Shares 2,000,000 Est. Cost $46.15 Unrealized -3.5%

AX AXOS Financial Inc 3.9%

Value $85.72M Shares 1,500,000 Est. Cost $40.41 Unrealized +34.6%

BRK/B Berkshire Hathaway Inc Del Cl B Frmly 3.7%

Value $81.36M Shares 200,000 Est. Cost $284.56 Unrealized +43.6%

V Visa Inc Com 3.5%

Value $78.74M Shares 300,000 Est. Cost $198.34 Unrealized +36.5%

— KKR & Co. 3.3%

Value $73.67M Shares 700,000 Est. Cost $43.00 Unrealized —

BRK/A Berkshire Hathaway Inc Del Cl A Frmly 3.3%

Value $73.47M Shares 120 Est. Cost $428128.38 Unrealized +44.0%

EQR Equity Residential 3.1%

Value $69.34M Shares 1,000,000 Est. Cost $52.84 Unrealized +14.9%

CG Carlyle Group 2.7%

Value $60.23M Shares 1,500,000 Est. Cost $29.10 Unrealized +40.8%

ACGL Arch Capital Group LTD 2.5%

Value $55.49M Shares 550,000 Est. Cost $71.30 Unrealized +29.7%

MKL Markel 2.5%

Value $55.15M Shares 35,000 Est. Cost $1283.31 Unrealized +21.0%

MTB M&T Bank 2.3%

Value $52.22M Shares 345,000 Est. Cost $123.93 Unrealized +12.1%

SFBS Servisfirst Bancshares Inc 2.3%

Value $52.04M Shares 823,562 Est. Cost $79.18 Unrealized -24.4%

TCBK TriCo Bancshares 1.8%

Value $40.39M Shares 1,020,800 Est. Cost $46.93 Unrealized -23.0%

USB US Bancorp Del Com New 1.8%

Value $39.7M Shares 1,000,000 Est. Cost $39.22 Unrealized -3.7%

MA Mastercard Inc 1.7%

Value $37.5M Shares 85,000 Est. Cost $325.17 Unrealized +38.9%

RJF Raymond James Financial Inc 1.7%

Value $37.08M Shares 300,000 Est. Cost $96.20 Unrealized +25.3%

BABA Alibaba 1.6%

Value $36M Shares 500,000 Est. Cost $113.68 Unrealized —

FSBC Five Star Bancorp 1.6%

Value $35.75M Shares 1,511,500 Est. Cost $23.28 Unrealized -8.4%

GS Goldman Sachs Group Inc 1.4%

Value $31.66M Shares 70,000 Est. Cost $297.04 Unrealized +42.6%

JLL Jones Lange Lasalle Inc. 1.4%

Value $30.79M Shares 150,000 Est. Cost $174.25 Unrealized +11.4%

FCNCA First Citizen Bancshares 1.1%

Value $23.91M Shares 14,200 Est. Cost $734.82 Unrealized +126.2%

— Southern States Bancshares 0.9%

Value $21.01M Shares 774,046 Est. Cost $27.25 Unrealized —

ABCB Ameris Bancorp 0.9%

Value $20.14M Shares 400,000 Est. Cost $47.99 Unrealized -2.2%

CCNE CNB Financial Corp PA 0.6%

Value $14.29M Shares 700,000 Est. Cost $20.44 Unrealized -9.6%

GBCI Glacier Bancorp 0.5%

Value $11.07M Shares 296,749 Est. Cost $45.13 Unrealized -21.9%

OSBC Old Second Bancorp 0.4%

Value $8.623M Shares 582,268 Est. Cost $13.71 Unrealized 0.0%

TSBK Timberland Bancorp Inc 0.2%

Value $4.727M Shares 174,476 Est. Cost $23.23 Unrealized +3.0%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
META	Meta Platforms	500,000	$252M	11.3%	$160.96	+200.3%	Cl A	30303M102
GOOG	Alphabet Inc	1,000,000	$183M	8.2%	$110.83	+52.4%	Class C	02079K107
WAL	Western Alliance Bancorp	2,500,000	$157M	7.1%	$69.27	-15.7%	COM	957638109
GPN	Global Payments Inc.	1,300,000	$126M	5.6%	$117.53	-8.0%	COM	37940X102
CB	Chubb Limited	450,000	$115M	5.2%	$181.71	+39.1%	COM	H1467J104
STT	State Street Corp	1,200,000	$88.8M	4.0%	$60.70	+16.2%	COM	857477103
CRBG	Corebridge Financial	3,000,000	$87.36M	3.9%	$20.20	+35.2%	COM	21871X109
WBS	Webster Financial Corp	2,000,000	$87.18M	3.9%	$46.15	-3.5%	COM	947890109
AX	AXOS Financial Inc	1,500,000	$85.72M	3.9%	$40.41	+34.6%	COM	05465C100
BRK/B	Berkshire Hathaway Inc Del Cl B Frmly	200,000	$81.36M	3.7%	$284.56	+43.6%	CL B	084670702
V	Visa Inc Com	300,000	$78.74M	3.5%	$198.34	+36.5%	COM	92826C839
—	KKR & Co.	700,000	$73.67M	3.3%	$43.00	—	COM	48248M102
BRK/A	Berkshire Hathaway Inc Del Cl A Frmly	120	$73.47M	3.3%	$428128.38	+44.0%	CL A	084670108
EQR	Equity Residential	1,000,000	$69.34M	3.1%	$52.84	+14.9%	SH BEN INT	29476L107
CG	Carlyle Group	1,500,000	$60.23M	2.7%	$29.10	+40.8%	COM	14316J108
ACGL	Arch Capital Group LTD	550,000	$55.49M	2.5%	$71.30	+29.7%	COM	G0450A105
MKL	Markel	35,000	$55.15M	2.5%	$1283.31	+21.0%	COM	570535104
MTB	M&T Bank	345,000	$52.22M	2.3%	$123.93	+12.1%	COM	55261F104
SFBS	Servisfirst Bancshares Inc	823,562	$52.04M	2.3%	$79.18	-24.4%	COM	81768T108
TCBK	TriCo Bancshares	1,020,800	$40.39M	1.8%	$46.93	-23.0%	COM	896095106
USB	US Bancorp Del Com New	1,000,000	$39.7M	1.8%	$39.22	-3.7%	COM	902973304
MA	Mastercard Inc	85,000	$37.5M	1.7%	$325.17	+38.9%	COM	57636Q104
RJF	Raymond James Financial Inc	300,000	$37.08M	1.7%	$96.20	+25.3%	COM	754730109
BABA	Alibaba	500,000	$36M	1.6%	$113.68	—	Sponsored ADS	01609W102
FSBC	Five Star Bancorp	1,511,500	$35.75M	1.6%	$23.28	-8.4%	COM	33830T103
GS	Goldman Sachs Group Inc	70,000	$31.66M	1.4%	$297.04	+42.6%	COM	38141G104
JLL	Jones Lange Lasalle Inc.	150,000	$30.79M	1.4%	$174.25	+11.4%	COM	48020Q107
FCNCA	First Citizen Bancshares	14,200	$23.91M	1.1%	$734.82	+126.2%	Cl A	31946M103
—	Southern States Bancshares	774,046	$21.01M	0.9%	$27.25	—	COM	843878307
ABCB	Ameris Bancorp	400,000	$20.14M	0.9%	$47.99	-2.2%	COM	03076K108
CCNE	CNB Financial Corp PA	700,000	$14.29M	0.6%	$20.44	-9.6%	COM	126128107
GBCI	Glacier Bancorp	296,749	$11.07M	0.5%	$45.13	-21.9%	COM	37637Q105
OSBC	Old Second Bancorp	582,268	$8.623M	0.4%	$13.71	0.0%	COM	680277100
TSBK	Timberland Bancorp Inc	174,476	$4.727M	0.2%	$23.23	+3.0%	COM	887098101